Unemployment rate rises for October

According to preliminary data announced by the Illinois Department of Employment Security (IDES) and provided by the U.S. Bureau of Labor Statistics (BLS), the unemployment rate increased by +0.1 percentage points to 4.6 percent in October. Nonfarm payrolls increased by +3,600 in October. The September monthly change in payrolls was revised from the previous report, from +14,500 to +14,100 jobs, while the September unemployment rate remained unchanged at 4.5 percent. For more information see the November 22, 2022 edition of The Greenville Advocate.